This preview shows page 1. Sign up to view the full content.
Unformatted text preview: In-Class Exercise#6S
ACCT 23020 1. What inventory costing method did Pier 1
Imports use during the year ended 12/31/06? 2. What is the inventory turnover ratio for Pier
1 for 2006? (COGS/Average Inventory) 3a. What was Pier 1’s Gross Profit % for 2005
3b. How can Pier 1 improve their GP%? ...
View Full Document
- Spring '08
- Financial Accounting